3D Systems expands on-demand parts manufacturing capabilities
3D Systems Corporation said Wednesday it has acquired Rapid Product Development Group, Inc. (RPDG), a provider of on-demand additive and traditional manufacturing services.
Terms of the deal were not disclosed. 3D Systems (NYSE: DDD) sells 3D commercial and consumer printers, printing materials and software services as well as CAD modeling, reverse engineering and inspection software tools.
Ten-year-old RPDG is now a division of Rock Hill, S.C.-based 3D Systems, which said it will immediately integrate RPDG’s capabilities into its growing Quickparts services.
San Diego-based RPDG, with over 150,000 square feet of manufacturing facilities worldwide, provides services including rapid prototyping, injection molding, die casting and fast manufacturing of production parts for the automotive, computer, consumer appliances, medical device and industrial equipment industry.
“We are honored to become part of 3D Systems, the recognized global 3D content-to-print leader,” said Tony Moran, CEO and founder of RPDG. “Together, we can deliver the full impact of 3D printing and traditional manufacturing capabilities to our global customers.”
3D Systems also raised its 2013 annual revenue and non-GAAP earnings per share guidance to revenue in the range of $460 million to $510 million and non-GAAP EPS in the range of $1.05 to $1.20 per share.
3D Systems on Tuesday reported record quarterly revenue of $102.1 million, up 31 percent, on 81 percent higher printer sales.
First quarter net income dropped to $5.9 million, or 6 cents per share, but excluding one-time items, the company earned 21 cents per share meeting analysts’ expectations.
“We expect 2013 to be our most exciting and most productive new product introduction year in the history of the company,” said CEO Abraham Reichental.
